Anglo American plc (the “Company”)
Registered office: 17 Charterhouse Street, London EC1N 6RA
Registered number: 3564138 (incorporated in England and Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
ISIN: GBOOB1XZS820
JSE Share Code: AGL
NSX Share Code: ANM

30 November 2022

Anglo American senior leadership changes following Tony O’Neill’s decision to retire

Anglo American plc (“Anglo American”) announces that Tony O’Neill, Technical Director, has decided to
retire and will step down from his role and from the Group Management Committee on 31 December
2022, after more than nine years. Mr O’Neill will also step down from the Board of Anglo American on
the same date.

Duncan Wanblad, Chief Executive of Anglo American, said: “We thank Tony O’Neill for his enormous
contribution to Anglo American. Tony’s determined vision for a modern and more sustainable future for
the mining industry that embraces technology to transform safety, productivity and our environmental
footprint has shown us what’s possible. Given how critical the products of mining are to people’s
everyday lives and to the urgent energy transition, it is our duty to supply those products responsibly.
Tony has set us squarely on that path to fundamentally change for the better how our stakeholders
experience mining.”

Stuart Chambers, Chairman of Anglo American, added: “Tony has been a leading figure in the mining
industry for many years, articulating the need for change in many of the industrial processes that have
prevailed for decades and longer. His tenacity has opened the door to a host of technologies and digital
applications that are increasingly relevant to sustain mining’s social licence to operate and improve the
investment case for accessing orebodies that are vital for future supply. On behalf of the Board, we wish
Tony a happy and long retirement.”

Tony O’Neill commented: “I have felt so privileged to lead such an inspiring team that has shared in my
overwhelming desire to change the future of mining for the better – for people and our planet. I believe
that Anglo American is well on the way to realising the full value that is inherent in both the portfolio and
the capabilities we have built, as well as in the opportunities to access and develop new resources to
meet the increasingly apparent demand trends. I thank my fellow GMC members, the Board and all my
colleagues across Anglo American for everything we have achieved together.”

Following Mr O’Neill’s decision, the role will be divided into two to facilitate the next phase of
prioritisation for Anglo American’s technical disciplines to best support business performance: Matt
Daley is appointed as Group Director – Technical, while the process to appoint the Group Director –
Projects & Development is well advanced, with an announcement to be made in due course.


Group Director – Technical

Mr Daley will take up his new role as Group Director – Technical and join the Group Management
Committee of Anglo American with effect from 1 January 2023.

Anglo American plc
17 Charterhouse Street, London, EC1N 6RA, United Kingdom
Registered office as above. Incorporated in England and Wales under the Companies Act 1985.
Registered Number: 3564138 Legal Entity Identifier: 549300S9XF92D1X8ME43
Mr Wanblad added: “I congratulate Matt on his appointment, responsible for driving best practice levels
of operational and technical excellence that will help us deliver safe and stable production from our
mineral assets – and on a repeatable basis. As Group Head of Mining since 2017, Matt has led the
transformation of many of our in-mine activities, while demonstrating the potential offered by achieving
new benchmarks in equipment performance. Now we must embed that mindset consistently across our
sites, with safety and reliability our primary focus.”

Matt Daley said: “We have shown what we can achieve in our mining operations through a deliberate
and an innovative mindset to set new performance benchmarks. I am excited to take on this new role
and to drive that momentum across all our operational activities, from discovery to mining and processing.
I believe that we can deliver further productivity improvements across the board, consistently and above
all safely.”


Remuneration arrangements

Tony O’Neill will step down from his role as technical director and from the Board on 31 December 2022
and he has agreed to be available to ensure a smooth handover until retiring on 30 June 2023. On his
retirement, Mr O’Neill will receive good leaver treatment in respect of outstanding share awards. His
outstanding LTIP awards will be pro-rated in respect of time served to 30 June 2023 and will vest at the
normal time, to the extent that the performance conditions have been satisfied. These arrangements are
in line with Anglo American’s current remuneration policy and practice. Mr O’Neill will continue to receive
his normal salary, pension and benefits up to 30 June 2023. He will not receive an annual bonus or LTIP
award for 2023. Following his retirement, Mr O’Neill will be expected to maintain a holding of Anglo
American shares of three times his salary on cessation, for a period of two years.

Full details of these remuneration arrangements will be set out in the 2022 Directors’ Remuneration
Report.

This announcement satisfies Anglo American’s disclosure obligations in accordance with Listing Rule
9.6.11R.


Notes to editors:

Matt Daley is a mining engineer with more than two decades of underground, open cut, smelting, refining,
project and commodity trading experience. He has lived and worked in Australia, South America, North
America, the UK and the Middle East. Prior to joining Anglo American in 2017 as Group Head of Mining,
Matt was the Executive General Manager for Glencore Canada based in Toronto and served as a non-
executive director on the board of PolyMet Mining. He has previously worked for Xstrata and Minera
Alumbrera and started his career with Mount Isa Mines in Queensland, Australia. Matt holds a B.Eng.
Mining Engineering (Hons) from the University of South Australia and has completed post graduate
studies in Finance and Investment.


Following Mr O’Neill’s retirement from the Board, Anglo American’s Board of Directors will comprise:

 Chairman               Executive directors                          Non-executive directors
 Stuart Chambers        Duncan Wanblad – chief executive          Ian Ashby
                        Stephen Pearce – finance director         Marcelo Bastos
                                                                  Hilary Maxson
                                                                  Hixonia Nyasulu
                                                                  Nonkululeko Nyembezi
                                                                  Ian Tyler



Anglo American is a leading global mining company and our products are the essential ingredients in
almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad
range of future development options, provides many of the future-enabling metals and minerals for a
cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions
of consumers. With our people at the heart of our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move and market our products to our
customers – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium
quality iron ore and steelmaking coal, and nickel – with crop nutrients in development – we are
committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining
Plan commits us to a series of stretching goals to ensure we work towards a healthy environment,
creating thriving communities and building trust as a corporate leader. We work together with our
business partners and diverse stakeholders to unlock enduring value from precious natural resources for
the benefit of the communities and countries in which we operate, for society as a whole, and for our
shareholders. Anglo American is re-imagining mining to improve people’s lives.
www.angloamerican.com




For further information, please contact:

 Media                                                      Investors

 UK                                                         UK
 James Wyatt-Tilby                                          Paul Galloway
 james.wyatt-tilby@angloamerican.com                        paul.galloway@angloamerican.com
 Tel: +44 (0)20 7968 8759                                   Tel: +44 (0)20 7968 8718

 Marcelo Esquivel                                           Emma Waterworth
 marcelo.esquivel@angloamerican.com                         Emma.waterworth@angloamerican.com
 Tel: +44 (0)20 7968 8891                                   Tel: +44 (0) 20 7968 8574

                                                            Michelle Jarman
 South Africa                                               michelle.jarman@angloamerican.com
 Nevashnee Naicker                                          Tel: +44 (0)20 7968 1494
 nevashnee.naicker@angloamerican.com
 Tel: +27 (0)11 638 3189

 Sibusiso Tshabalala
 sibusiso.tshabalala@angloamerican.com
  Tel: +27 (0)11 638 2175


The Company has a primary listing on the Main Market of the London Stock Exchange and secondary listings on the
Johannesburg Stock Exchange, the Botswana Stock Exchange, the Namibia Stock Exchange and the SIX Swiss
Exchange.

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Forward-looking statements:
This document includes forward-looking statements. All statements other than statements of historical facts included
in this document, including, without limitation, those regarding Anglo American’s financial position, business,
acquisition and divestment strategy, dividend policy, plans and objectives of management for future operations
(including development plans and objectives relating to Anglo American’s products, production forecasts and Ore
Reserve and Mineral Resource positions) and environmental, social and corporate governance goals and aspirations,
are forward-looking statements. By their nature, such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of Anglo American
or industry results to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding Anglo American’s present and
future business strategies and the environment in which Anglo American will operate in the future. Important factors
that could cause Anglo American’s actual results, performance or achievements to differ materially from those in the
forward-looking statements include, among others, levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration and development capabilities, recovery rates
and other operational capabilities, safety, health or environmental incidents, the effects of global pandemics and
outbreaks of infectious diseases, the outcome of litigation or regulatory proceedings, the availability of mining and
processing equipment, the ability to produce and transport products profitably, the availability of transport
infrastructure, the impact of foreign currency exchange rates on market prices and operating costs, the availability
of sufficient credit, the effects of inflation, political uncertainty and economic conditions in relevant areas of the
world, the actions of competitors, activities by courts, regulators and governmental authorities such as in relation to
permitting or forcing closure of mines and ceasing of operations or maintenance of Anglo American’s assets and
changes in taxation or safety, health, environmental or other types of regulation in the countries where Anglo
American operates, conflicts over land and resource ownership rights and such other risk factors identified in Anglo
American’s most recent Annual Report. Forward-looking statements should, therefore, be construed in light of such
risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this document. Anglo American expressly disclaims any obligation or
undertaking (except as required by applicable law, the City Code on Takeovers and Mergers, the UK Listing Rules, the
Disclosure and Transparency Rules of the Financial Conduct Authority, the Listings Requirements of the securities
exchange of the JSE Limited in South Africa, the SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian
Stock Exchange and any other applicable regulations) to release publicly any updates or revisions to any forward-
looking statement contained herein to reflect any change in Anglo American’s expectations with regard thereto or
any change in events, conditions or circumstances on which any such statement is based.

Nothing in this document should be interpreted to mean that future earnings per share of Anglo American will
necessarily match or exceed its historical published earnings per share. Certain statistical and other information
about Anglo American included in this document is sourced from publicly available third party sources. As such it has
not been independently verified and presents the views of those third parties, but may not necessarily correspond
to the views held by Anglo American and Anglo American expressly disclaims any responsibility for, or liability in
respect of, such information.

Legal Entity Identifier: 549300S9XF92D1X8ME43